Anyone use TurboTax to file your taxes?

[fenryswulf]

I'm trying to figure out where to include all my fees - shipping, final value, etc. I don't see any appropriate place in Turbotax in the business income section for this. Help?

[gatefold]

If memory serves me right (been awhile since I used Turbo Tax) in the initial setup, (or somewhere along the way) you have to let the program know you had income OTHER THAN W-2.....(this will enable a schedule C)

that being said, I don't think a "Basic" edition has this feature, you may need to upgrade to a higher version....

Hopefully, someone who actually used Turbo Tax will chime in for you....

[lepke1979]

I use Turbo Tax. You might be able to get away with Deluxe, but you need to get the Home & Business version.

[rosszonebricks]

I can't speak for other versions, but in the Home and Business edition:

Business tab > Business Income and Expenses > Business Expenses > Other Common Business Expenses is likely where you will find easy spaces to enter your FVF fees, Store fees, shipping charges, and so forth.

[membersinceaug2001]

Any expense that doesn't have a section I put under advertising expenses.

[luckythewinner]

---

@fenryswulf wrote:

I'm trying to figure out where to include all my fees - shipping, final value, etc. I don't see any appropriate place in Turbotax in the business income section for this. Help?

---

On schedule C,  eBay fees generally go under Commissions and fees.

Shipping expenses generally go under Office expense.

BTW I used Credit Karma last year; it was free.

[partfinds]

File turbotax self-employed . They will guide you with questions and fill the form for you on bases of your answers. It is easy and they help maximize deductions  etc.

[fenryswulf]

Thanks, somehow I think I found the right place.

[foxycoxy66]

Where di you end up listing your ebay fees? I'm using TurboTax Self-Employed and can't find a good spot for it. Thanks.

[partfinds]

@foxycoxy66 

“Where di you end up listing your ebay fees?“

Commissions— you can separate all fees

[partfinds]

Materials and supplies — you put what you paid for item to be resold; tools; masks etc (don’t worry if it tells you that number seems high etc)

advertising fee — ebay promo fees

commissions— final fees and subscription

communications — telephone and internet cloud storage

Professional expenses — attorney, accounting turbotax fee etc

Miscellaneous— clothes, refunds